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Side-by-side financial comparison of Farmmi, Inc. (FAMI) and Ladder Capital Corp (LADR). Click either name above to swap in a different company.

Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $16.1M, roughly 1.4× Farmmi, Inc.). Ladder Capital Corp runs the higher net margin — 71.0% vs -0.3%, a 71.3% gap on every dollar of revenue. On growth, Ladder Capital Corp posted the faster year-over-year revenue change (-18.0% vs -55.7%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $14.6M).

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.

FAMI vs LADR — Head-to-Head

Bigger by revenue
LADR
LADR
1.4× larger
LADR
$22.3M
$16.1M
FAMI
Growing faster (revenue YoY)
LADR
LADR
+37.7% gap
LADR
-18.0%
-55.7%
FAMI
Higher net margin
LADR
LADR
71.3% more per $
LADR
71.0%
-0.3%
FAMI
More free cash flow
LADR
LADR
$64.1M more FCF
LADR
$78.7M
$14.6M
FAMI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
FAMI
FAMI
LADR
LADR
Revenue
$16.1M
$22.3M
Net Profit
$-44.0K
$15.9M
Gross Margin
5.0%
Operating Margin
-4.1%
69.5%
Net Margin
-0.3%
71.0%
Revenue YoY
-55.7%
-18.0%
Net Profit YoY
-107.0%
-49.4%
EPS (diluted)
$-0.04
$0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FAMI
FAMI
LADR
LADR
Q4 25
$22.3M
Q3 25
$27.8M
Q2 25
$21.5M
Q1 25
$16.1M
$20.3M
Q4 24
$27.2M
Q3 24
$38.4M
Q2 24
$34.3M
Q1 24
$36.4M
$37.1M
Net Profit
FAMI
FAMI
LADR
LADR
Q4 25
$15.9M
Q3 25
$19.2M
Q2 25
$17.1M
Q1 25
$-44.0K
$11.6M
Q4 24
$31.3M
Q3 24
$27.6M
Q2 24
$32.1M
Q1 24
$630.5K
$16.4M
Gross Margin
FAMI
FAMI
LADR
LADR
Q4 25
Q3 25
Q2 25
Q1 25
5.0%
Q4 24
Q3 24
Q2 24
Q1 24
5.9%
Operating Margin
FAMI
FAMI
LADR
LADR
Q4 25
69.5%
Q3 25
72.4%
Q2 25
96.7%
Q1 25
-4.1%
52.7%
Q4 24
Q3 24
74.1%
Q2 24
90.4%
Q1 24
2.5%
49.4%
Net Margin
FAMI
FAMI
LADR
LADR
Q4 25
71.0%
Q3 25
69.0%
Q2 25
79.5%
Q1 25
-0.3%
56.8%
Q4 24
115.1%
Q3 24
71.7%
Q2 24
93.6%
Q1 24
1.7%
44.2%
EPS (diluted)
FAMI
FAMI
LADR
LADR
Q4 25
$0.13
Q3 25
$0.15
Q2 25
$0.14
Q1 25
$-0.04
$0.09
Q4 24
$0.25
Q3 24
$0.22
Q2 24
$0.26
Q1 24
$1.20
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FAMI
FAMI
LADR
LADR
Cash + ST InvestmentsLiquidity on hand
$38.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$166.4M
$1.5B
Total Assets
$230.4M
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FAMI
FAMI
LADR
LADR
Q4 25
$38.0M
Q3 25
$49.4M
Q2 25
$134.9M
Q1 25
$479.8M
Q4 24
$1.3B
Q3 24
$1.6B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
FAMI
FAMI
LADR
LADR
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$166.4M
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$164.4M
$1.5B
Total Assets
FAMI
FAMI
LADR
LADR
Q4 25
$5.2B
Q3 25
$4.7B
Q2 25
$4.5B
Q1 25
$230.4M
$4.5B
Q4 24
$4.8B
Q3 24
$4.8B
Q2 24
$4.8B
Q1 24
$171.9M
$5.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FAMI
FAMI
LADR
LADR
Operating Cash FlowLast quarter
$14.6M
$87.0M
Free Cash FlowOCF − Capex
$14.6M
$78.7M
FCF MarginFCF / Revenue
90.1%
352.4%
Capex IntensityCapex / Revenue
0.1%
37.4%
Cash ConversionOCF / Net Profit
5.49×
TTM Free Cash FlowTrailing 4 quarters
$118.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FAMI
FAMI
LADR
LADR
Q4 25
$87.0M
Q3 25
$26.3M
Q2 25
$44.0M
Q1 25
$14.6M
$-28.7M
Q4 24
$133.9M
Q3 24
$169.0M
Q2 24
$45.4M
Q1 24
$-14.9M
$-20.4M
Free Cash Flow
FAMI
FAMI
LADR
LADR
Q4 25
$78.7M
Q3 25
$25.9M
Q2 25
$43.4M
Q1 25
$14.6M
$-29.6M
Q4 24
$127.4M
Q3 24
$166.0M
Q2 24
$44.9M
Q1 24
$-21.7M
FCF Margin
FAMI
FAMI
LADR
LADR
Q4 25
352.4%
Q3 25
93.1%
Q2 25
201.6%
Q1 25
90.1%
-145.6%
Q4 24
468.2%
Q3 24
432.1%
Q2 24
131.0%
Q1 24
-58.6%
Capex Intensity
FAMI
FAMI
LADR
LADR
Q4 25
37.4%
Q3 25
1.7%
Q2 25
2.9%
Q1 25
0.1%
4.3%
Q4 24
23.9%
Q3 24
7.8%
Q2 24
1.3%
Q1 24
0.0%
3.7%
Cash Conversion
FAMI
FAMI
LADR
LADR
Q4 25
5.49×
Q3 25
1.37×
Q2 25
2.57×
Q1 25
-2.49×
Q4 24
4.27×
Q3 24
6.13×
Q2 24
1.41×
Q1 24
-23.63×
-1.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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